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Show INITIATIVE PETITION Initiative Petition Number One That Initiative Petition entitled en-titled "An Act Relating to Horse Racing and Providing for the Creation of a Utah Racing Commission Com-mission and Defining Its Duties and Powers and Permitting Parimutuel Wagering" has been duly filed in the Office of the Secretary of State within the legal filing period for filing same, containing the required number of signatures of registered reg-istered voters, and that following follow-ing is a full, correct and true copy of the ballot title to be shown on the ballots as Initiative Initia-tive Petition Number One and submitted to the electors of the State for approval or rejection at the election to be held on the fourth day of November, A.D. 1958. SHALL A LAW BE ENACTED EN-ACTED PERMITTING PARI-MUTUEL PARI-MUTUEL WAGERING AT HORSE RACING MEETS AND CREATING A STATE RACING COMMISSION. THE COMMISSION IS TO ISSUE LICENSES AND PROMULGATE PROMUL-GATE RULES FOR THE HOLDING OF RACING MEETS. EIGHTY -SEVEN PER CENT OF ALL MONEY WAGERED AT ANY MEET SHALL BE RETURNED TO PERSONS HOLDING WINNING WIN-NING TICKETS, TWO PER CENT TO THE UNIFORM . SCHOOL FUND, ONE PER CENT TO THE COMMISSION, COMMIS-SION, NINE PER CENT TO THE SPONSORING ORGANIZATION, ORGAN-IZATION, AND, TO SECURE COLLECTION OF INCOME TAXES. ONE PER CENT OF WINNING WAGERS TO STATE TAX COMMISSION. ONLY PARIMUTUEL WAGERING WAG-ERING IS AUTHORIZED. LICENSES MAY BE REVOKED RE-VOKED FOR ANY VIOLATION VIOLA-TION OF THIS ACT. FOR EZj AGAINST EZ1 IN WITNESS WHEREOF, I have hereunto set mv hand and affixed the Great Seal of the State of Utah, at Salt Lake Cit", in said state, this twenty-ninth day of September, 1958. LAMONT F. TORONTO Secretary of State |